The Majlis Budget Integration Commission has approved the import of 50,000 passenger cars and 10,000 heavy mining and road construction machinery in the next fiscal year (starting March 21, 2022).
According to Jan. 19 approvals, the commission has agreed to allow these imports at a tariff approved by the Cabinet. Proceeds from this issue will be spent on financing the rail network and establishing new railroads, including for regular and high-speed urban trains, and completing semi-finished rail and road construction projects of deprived areas and repairing accident-prone hotspots), ISNA reported.
These undertakings will be ceded to the private sector, including natural and legal persons.
January 19, 2022 19:18
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Import of 50,000 Cars Approved
The Majlis Budget Integration Commission has agreed with car imports in the fiscal 2022-23, with the stipulation that domestically-made vehicles or related parts are exported in return so that no foreign currency is spent on the purchases
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